HURXLEY CORPORATION, July-September (2Q) Ordinary Profit Decreases by 21%

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Wed Nov 13, 2024 12:00 pm JST Earnings

7561 HURXLEY CORPORATION 【J-GAAP】

Earnings Report

HURXLEY CORPORATION <7561> [TSE-S] announced its financial results at noon (12:00) on November 13th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 1.07 billion yen, a 1.0% increase compared to the same period last year, resulting in an increase in profits compared to the previous forecast of a 10.5% decrease.

However, The progress rate against the 2.85 billion yen full-year plan was 37.6%, also falling below the five-year average of 46.4%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 16.4% from the same period last year, reaching 1.77 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 355 million yen, a 20.9% decrease compared to the same period last year. The operating profit margin worsened from 4.2% in the same period last year to 3.1%.

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Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Sep, 2022	15,999	723	866	609	33.1	54.8	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	21,284	891	1,061	841	45.7	41.0	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	21,108	1,028	1,072	617	33.4	37.6	Nov 13, 2024	J-GAAP
YoY	-0.8%	+15.4%	+1.0%	-26.6%	-26.8%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	21,400	700	950	750	40.6	13	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	21,108	1,028	1,072	617	33.4	13	Nov 13, 2024	J-GAAP
Revision Rate	-1.4%	+46.9%	+12.8%	-17.7%	-17.6%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	25,477	1,545	1,527	760	41.2	15	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	27,892	1,422	1,778	1,183	64.0	13	Nov 13, 2024	J-GAAP
YoY	+9.5%	-8.0%	+16.4%	+55.7%	+55.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	35,613	1,460	1,579	1,047	56.9	18	May 15, 2023	J-GAAP
Mar, 2024	46,761	2,436	2,588	1,601	86.9	24	May 15, 2024	J-GAAP
Mar, 2025 Guidance	49,000	2,450	2,850	1,800	97.3	26	May 15, 2024	J-GAAP
YoY	+4.8%	+0.6%	+10.1%	+12.4%	+12.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	10,148	424	449	326	17.7	4.2	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	11,212	714	790	485	26.3	6.4	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	14,265	831	737	275	14.9	5.8	May 15, 2024	J-GAAP
Apr - Jun, 2024	10,664	700	717	482	26.1	6.6	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	10,444	328	355	135	7.3	3.1	Nov 13, 2024	J-GAAP
YoY	+2.9%	-22.6%	-20.9%	-58.6%	-58.7%